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20121101
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
for first time unemployment claims. labor department warns the figures were distorted by superstorm sandy. applications declining in one state because the unemployment office lost power during the storm. sandy pushing up applications in other states because those temporarily out of work sought benefits. martha: you may see some people getting jobs as rebuilding begins on the northeast. here is little perspective on the number since december 2007. here is the chart we look at. weekly jobless claims stayed above 300,000. they spiked back in 2009. we're a long way from that number. economists say weekly claims must consistently fall below 375,000. that is shown by yellow line. we've been bumping along it for a long time. to indicate the job market is truly strong enough to move the economy in the right direction to change the overall unemployment number. lately weekly jobless claims have dipped below the line, averaging 372,000 a week this year. this is the fourth time the claims have been under 360 in the past 4 1/2 years. overall, 5 million americans are collected unemployment benefits. th
they're donating 36,000 bottles of water to hurricane sandy victims. >> brian: that's fantastic. if you have to run from the tv, run to the radio. see you there. the speaker of the house in a high stakes showdown on how to deal with the crushing debt facing all of us. is it friday? martha: the president is set to speak this afternoon a little bit after 1:00 eastern time about the so-called fiscal cliff. what he wants is higher taxes for the top earners. and speaker boehner is already saying on that part of this deal, no-dice. >> racing tax rates is unacceptable. and it couldn't even pass the house. putting increased revenues through reforming the tax code, i would do that if the president were serious about solving our spending problem and trying to secure our entitlement programs. i'm confident he and i can find the common ground necessary. bill: that's the same potion had the weekend before the election. meanwhile there are strong warning the fiscal cliff could have dire consequences. lay out the stakes here. what are they? >> according to the congressional budget office, the
on this situation. the general joins us coming up. gregg: growing frustrations among victims of hurricane sandy. 150,000 folks still without any power in new york and new jersey and emotions to say the least beginning to boil over. in long island, people who suffered without any power for almost two weeks now told by the local utility company, get this, fill out your forms online. kind of hard to do without any power. molly line is live on staten island, one of the hardest hit areas from the storm. molly, what is the latest with staten island residents getting help? >> reporter: you're using these words frustration, exhaustion, that is exactly what residents are talking about. this is one. hardest hit roads in staten island a lot of debris still here two weeks later. residents say they see big trucks moving debris out all week long. that is one positive note. there is lot of competition too. they need to find electricians. they need to find new boilers. 14,000 people across staten island applied for aid from fema. many are still waiting to hear about that, gregg. gregg: molly, you must be hearing pr
's newsroom". gregg: hurricane sandy blamed on a big increase in weekly jobless claims. the number of americans filing for jobless benefits jumping by 78,000 to 439,000. there's the number on your screen. that is the highest level in a year and a half. stuart varney, anchor of "varney & company" on the fox business network. stu, this is huge compared to what they were expecting, right? >> you can't explain this huge number entirely on the storm, sandy. it is true that last week many people up and down the eastern seaboard were able to get out of their houses for the first time and go down and file. that accounts for some of this big increase. but gregg, there is a suspicion that the underlying trend is for higher and higher jobless pen fit claims because the economy appears to be getting weaker and weaker. we face tax increases next year. that's been noted by business. there have been some layoffs prior to those tax increases. and so the underlying trend may be up. it has been exaggerated by hurricane sandy. gregg: stu, things could get worse january 1st, when all of these spending
hard by superstorm sandy are struggling to open their doors for black friday. one brooklyn toys r us, get this, actually operating out of a big tent. many folks, though, not just bargain hunting for gifts, they're also stocking up on essentials. and rick leventhal is live in brooklyn. what's it like there at that location? >> reporter: you know, gregg, we've seen the craziness on black friday in so many stores and so many places. not here in brooklyn, not today on this black friday. in large part because, as you mentioned, this toys r us flooded -- that's the tent they built out front. the store behind it normally holds 1100 people. they can only fit about 200 inside that tent. you see the babies r us, the kohls next door also shut down. the flood ruined everything, so wednesday they opened this tent. we can show you that they did bring in new toys, they have lined the shelves in this much smaller space, and people were lined up to get inside overnight, but today it's pretty quiet. no lines to speak of at all. and the store is just hoping to make back some of what it's been losing ov
from the last one? we are about to find out. martha: that has become such an iconic image from sandy, the jersey shore roller coaster submerged by the storm that had been there for so many years will have to go there. was talk about leaving it there. the mayor of seaside heights says the amusement park heights will not be left as a momento. he said it was a possibility but he admits it, quote, wasn't the brightest comment in his opinion at this point. construction of a new boardwalk, brand-new shiny one will get underway in january. bill: we find the u.s. supreme court breathing new life into a major lawsuit against the president's healthcare plan. liberty university says the plan violates its religious freedom. it has an issue with that mandate as well. just this week the supreme court said this case should be heard at a lower level. the dean of liberty university school of law is here, good morning to you and thank you for your time. justice roberts says the mandate stands. how can you argue today that you can bring a fresh khal tony dungy that mandate? >> well, the fact that the s
Search Results 0 to 9 of about 10 (some duplicates have been removed)